The board of directors (the "Board") of Sunkwan Properties Group Limited announces that Ms. Lu Shiyuan has tendered her resignation as a joint company secretary of the Company due to change in work arrangements with effect from 20 September 2022. Ms. Lu will remain as the vice president of the Company after her resignation. Ms. Lu has confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited .

Reference is made to the previous waiver granted to the Company by the Stock Exchange from strict compliance with the requirements of Rules 3.28 and 8.17 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to the appointment of Ms. Lu as the joint Company Secretary for a waiver period from 28 June 2022 (being the date of appointment of Ms. Ho Yin Kwan as the joint Company Secretary) to 16 November 2023, on the condition that Ms. Ho is appointed as the joint Company Secretary to assist Ms. Lu in discharging her duties as the Company Secretary . Relevant details of the Previous Waiver were disclosed in the announcement of the Company dated 28 June 2022. The Previous Waiver was revoked upon Ms. Lu's resignation.